The interest rate that the Bank of Canada charges commercial banks for loans is called the
A) bank rate.
B) overnight interest rate.
C) prime rate.
D) preferred lending rate.
E) term interest rate.
Correct Answer:
Verified
Q86: Which of the following describes the cause
Q87: To reduce short- term market interest rates,
Q88: In 2007 and 2008, Canada was affected
Q89: high inflation, even if it is largely
Q90: The Bank of Canada establishes a rate
Q92: An expansionary monetary policy would and would
Q93: Suppose Canadian real GDP is equal to
Q94: The Bank of Canada's purchases and sales
Q95: If we observe that the actual overnight
Q96: In 1994, the federal minister of finance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents